EXNESS - Analytics

    EXNESS

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    AUDUSD: under pressure against the background of rising unemployment in Australia

    Buy on a level breakthrough of 0.7185 with 0.7241 target. Stop loss = 0.7135. 

    Reason for the trading strategy

    In January, the unemployment rate in Australia rose from 5.8% to 6%, while employment decreased by 7.9 thousand. The negative labor market statistics puts pressure on the Aussie. Meanwhile, the inflation statistics for China supports the commodities. In January, consumer price inflation in China accelerated to 1.8%, while the producer price index increased from - 5.9% to - 5.3% per annum. 

    AUDUSD, H1


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